Are Credit Card Accounts With Zero Balance Good on Credit Report?

Author: Shaky
Posted: Wed Aug 27, 2003 3:33 am
Post subject: Accounts with ZERO balance---Negative---

hi all

i recently applied for citi bank card . I have almost 2 years of clean history one macy's credit card with 1500 limit and other orchard bank card with 800 limit. last inquiry was 13 months ago from orchard bank.

Citi bank shocked me with their denial letter. telling me reason

** Accounts with zero balance**

which is true i paid my accounts off 4 months ago and didnt use it after that. and before i applied i checked my score with Transunion and Equifax.
TU 706 and EQ 740.
And citi bank checked my TU report.

I just cant belive it.

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Author: rubyjean
Posted: Thu Aug 28, 2003 8:28 pm
Post subject: Re: Accounts with ZERO balance---Negative---

Shaky wrote:
hi all

i recently applied for citi bank card . I have almost 2 years of clean history one macy's credit card with 1500 limit and other orchard bank card with 800 limit. last inquiry was 13 months ago from orchard bank.

Citi bank shocked me with their denial letter. telling me reason

** Accounts with zero balance**

which is true i paid my accounts off 4 months ago and didnt use it after that. and before i applied i checked my score with Transunion and Equifax.
TU 706 and EQ 740.
And citi bank checked my TU report.

I just cant belive it.



You could have a score of 810 and if the only Established Credit that you had were one store card and a sub prime Post BKO type of credit card , You will not get a credit card with a major player such as Citi , MBNA, ect.. You can get a score in the high 700's after BKO, but you will still be declined..

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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